- Oct 6, 2011
- Central Mass
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Don Mellein and Jeni Pearsons are suing the government alleging the FBI seized, then lost their property through the "shady" process of civil forfeiture.www.foxnews.com
Well, the futures are down to $1891 now. More to come….I think if you’re looking at key technical or psychological levels you should use the futures price, which is $1909. $1880 is key support.
Grab yourself a full packer and a Pamp on the way out.The retail warehousing giant is your one-stop shop for 1 ounce gold bars, handsomely detailed and ready for purchase.www.cnbc.com
Well, the futures are down to $1891 now. More to come….
I was simply noting spot price in my above post, not equities. GDXU is down almost another 10% today if that matters.
Well, couldn’t hold the line. Looks like a quarterly close lower to $1864. Whaddya make of it?
True. 3 month T bills are yielding +5%. 10 yr treasuries are +4%. Gold yields zero %.Don’t think it matters, gold is stuck in a trading range ($1800 to $2100) until the Fed breaks something. Gold is not going to break out above $2100 when the Fed is still talking tough, dollar going up and the stock market is still strong.
If $1880 had held and we bounced above $1900 it still wouldn’t make any difference.
True. 3 month T bills are yielding +5%. 10 yr treasuries are +4%. Gold yields zero %.
And Comex contract expirations end of this month. Could get a bump for Monday or in November.Yes, Treasury rates are above the official inflation number, which is bearish gold. Yet gold is holding up surprisingly well, due to central banks buying. GLD and other retail gold ETFs are seeing tons of outflows.
Investors are mostly selling gold, buyers are central banks and retail investors buying physical coins and bars.
And Comex contract expirations end of this month. Could get a bump for Monday or in November.
Badass rendition. I think this tops Metallica's version from "And Justice For All".